A new rule could boost blockchain-based food tracking. The rule, expected next November, would require the food industry to maintain records associated with the critical tracking events on the supply chain, according to Frank Yiannas, …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine Coca-Cola’s experiment with alcohol, Walmart’s investment in indoor farming, and more. The Food Institute Podcast · FI Fast Break News – Jan. 26, …
Walmart recently filed applications to engage in business in the virtual world, a significant move amidst Facebook’s new launch of Meta.
Where have all the corner drug stores gone? Those of a certain age remember the traditional corner drug store – the place you went after school, nickels clutched in hand, to buy a piece of …
Kroger may be more than a century old, but the venerable grocery store chain is taking a page from more recent upstarts and betting on e-commerce to keep it ticking long into the 21st century. …
What seemed like something straight out of science fiction just a few years ago is quickly becoming a reality for the food industry. Robots are now doing everything from picking, preparing and delivering supplies. With …
Consumers flocked to Instacart during the pandemic, but with growing competition and consumers’ sensitivity to prices and aversion to fees, the grocery delivery pioneer could see its market share decline, a recent survey by Barclays …
As they brace for what’s expected to be intense holiday demand, warehouse operators are boosting pay, acquiring more talent, and enlisting robots, reported The Wall Street Journal (Sept. 26). TALENT ACQUISITION PUSH Demand for distribution …
A detour to the grocery store on the way home from work used to be just part of the daily grind, but all that has changed, and Amazon’s entry into the grocery business is moving …
As competition intensifies across the media advertising landscape, major retail players are differentiating themselves with technologically-optimized content that advances the omnichannel purchasing experience. The recent partnership between Walmart and media corporation Meredith has upped the …
With the FDA granting full approval for Pfizer’s COVID-19 vaccine, and the highly contagious delta variant spreading around the nation, several businesses are mandating that all or some employees provide proof of vaccination. Recently, Cathay …
Ahead of Labor Day Weekend, the labor situation for grocers and restaurants is anything but rosy. Although both the Bureau of Labor Statistics (BLS) and ADP showed a net gain in jobs for August, hiring …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the popularity of loyalty programs, the ascent of dollar stores, and more. The Food Institute Podcast · FI Fast Break News – Sept. …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine U.S. food distributors’ supply chain pain, unique new restaurant endorsement deals, and more. The Food Institute Podcast · FI Fast Break News – …
Walmart plans to open up its in-house delivery platform, Spark Driver, to other businesses. The retailer is doing so to allow the independent contractors out delivering Walmart merchandise to make additional deliveries along the way, …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the historic recent jump in menu prices, equipment shortages at restaurants, and more. The Food Institute Podcast · FI Fast Break News – …
Hiring and retaining employees has been a battle throughout the coronavirus pandemic, so companies are upping their game, waving perks like signing bonuses at workers. Now, the latest trend entails major employers like McDonald’s offering …
Proper inventory management is a top concern for retailers. Out-of-stock items and inefficient replacement strategies can result in lost sales, reduced customer satisfaction, and lower loyalty levels. In response to these challenges, companies like Walmart …
As COVID-19 eases in the U.S., retailers are preparing for business in a new, post-pandemic paradigm. Here are some recent highlights: Amazon Prime Day Amazon Prime Day always has a big impact on the company’s …
The 2020 pay package of DoorDash CEO Tony Xu far exceeded that of most S&P 500 CEOs. However, it’s not the only one to raise eyebrows. In fact, CEO compensation rose to an average $15.3 million …
Big-box retailers have reported surprisingly strong first-quarter results as consumers – with more money from stimulus checks and rising optimism about a return to normal life – spent more in-store and online as COVID-19 cases fell and vaccination rates increased. And, while Walmart posted sector-leading earnings that surged past Wall Street estimates …
Walmart recently posted strong quarterly sales growth and boosted its profit outlook, as comparable sales increased 6% for U.S. stores, excluding fuel, according to Bloomberg (May 18). The retailer attributed the strong performance to a …
Birth rates fell for the sixth consecutive year to the lowest levels since 1979, according to the CDC. The number of births in the U.S. declined last year by 4% from 2019, double the average annual …
Competition for workers is intensifying with President Biden raising the federal contractor minimum wage to $15 an hour, Amazon, which already pays a minimum wage of $15 an hour, awarding increases of as much as …
Millennials’ favorite food and beverage brands in 2021 highlight a taste for convenience, comfort, and quality with a focus on affordability. The popularity of private labels and non-traditional retailer formats are also on the rise. …
Amazon-owned grocery stores are poised for a technology upgrade, specifically in checkout. AUTOMATION Amazon is bringing automated checkout technology to full-size supermarkets, reported Bloomberg (April 22). Planning documents for a store under construction in Brookfield, …
Food is Gen Z’s No. 1 wallet priority at 23%, according to Piper Sandler’s annual Taking Stock with Teens survey. The survey highlights discretionary spending trends and brand preferences from 7,000 teens across 47 U.S. …
Breaking up is hard to do, but Walmart and McDonald’s seem to have made the split on decent terms. McDonald’s recently announced plans to shutter hundreds of its locations positioned within Walmart stores. After the …
Walmart is tapping automation to help its store fleet handle last-mile grocery delivery, adding local fulfillment centers (LFCs) that will turn parts of them into mini warehouses and speed up fulfillment for local customers. The …
WALMART Walmart beat expectations for same-store sales growth, as an early start to the holiday season and a boost from stimulus money late in the fourth quarter drove demand for electronics, toys and groceries, reported …
Several food retailers are revamping their advertising businesses and appear to be modeling their approach after companies like Google and Amazon. Walmart is the latest to do so, which could have far-reaching business implications. The …
Despite reaching a sobering coronavirus milestone earlier this week, U.S. drug stores and grocers are increasingly optimistic that they will be able to support in-store COVID-19 vaccination efforts as supplies become available at their stores. …
As COVID-19 continues to dampen sales at restaurants, some are trying a new strategy by opening in retail stores, which have profited from the pandemic. Hy-Vee Inc. is preparing to open its 20th Wahlburgers at …
Walmart has recently made business moves that indicate it’s shifting its focus from international markets to digital operations. International Divestures In 2018, Walmart sold an 80% stake in its Brazilian operations to a global profit …
As COVID-19 cases rise across the U.S., grocery stores are doing their part to ramp up testing. The Kroger Co., Walmart, Albertsons, Safeway, and Hy-Vee are among the grocers offering different options for testing, with …
Walmart decided to stop using robots that move through the aisles checking inventory levels and prices after seeing the results from about 500 stores. In January, the retailer announced plans to expand use of the …
